JK Lakshmi Cement · forward-looking guidance across the available source record.
Guidance tracker
First year of three-year capex cycle (Rs 1,500 / Rs 2,000 / Rs 1,500 crore) to fund Durg kiln expansion (9+ MW), grinding capacity at Patratu and Madugula, and Northeast 1.5 MT plant. Excludes land acquisition costs for Nagaur and Kutch.
Company maintained its 30 million tonnes capacity target by 2030, with 18 MT expected by FY27 year-end. Net debt/EBITDA ceiling of 2.5-2.75x will be maintained during the expansion phase.
Current renewable share (solar 129 MW, WHR 45 MW, wind 4 MW, thermal 74 MW) with 42 MW solar SPV investment (~Rs 20 crore) expected to yield Rs 1.65/unit savings, operational from Q4 FY27 or Q1 FY28.
Targeting ~30% growth from Rs 613 crore in FY26 to Rs 800+ crore, driven by continued expansion in RMC and value-added products.
Total capex for FY26 is expected to be ₹650-700cr, including ₹400cr in Q4 for the ongoing expansion project.
The entire ₹3,000cr expansion project, including clinker unit and grinding stations, will be completed by March 2028.
Management expects similar volume growth in FY27, supported by headroom at Surat, Udaipur, and other plants.
Petcoke prices are expected to increase, with fuel cost on consumption basis rising to ₹1.58-1.60/kcal in Q4 FY26.